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Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises included a debit to Cash, but Stone
Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises included a debit to Cash, but Stone Services did not. Why would the companies have this difference in the journal entry? Wagner retired their asset, whereas Stone sold their asset. Wagner retired their asset, whereas Stone exchanged their asset. Wagner exchanged their asset, whereas Stone sold their asset. Wagner sold their asset, whereas Stone retired their asset
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